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Equipment Leasing and Finance Industry Confidence Increases Again in December

Date: 15-12-2017 / Author: fmotz

The Equipment Leasing & Finance Foundation (the Foundation) releases the December 2017 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) today. Designed to collect leadership data, the index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $1 trillion equipment finance sector.

Genie Expands Its Sales Team in North America

Date: 15-12-2017 / Author: fmotz
Dickey Benett

Committed to earning customers’ business with responsive support, Genie has hired six new sales representatives in North America to represent the company — Dickey Bennett, Justin Kelley, Dave Porter, Tim Schmidt, Mike Shaw and Brad Trask. These gentlemen will support all Genie products and services for the company’s customers, working to meet customers’ needs, as well as helping to develop new growth opportunities, while remaining focused on their customers’ business goals.

Manitou Names Hanson Regional VP and CEO for North America

Date: 14-12-2017 / Author: mlarson

Manitou Group has named Mark Hanson as regional vice president and CEO of Manitou North America. 

"We are excited to welcome Mark at a time when Manitou Group is bringing many new innovative products to global markets," said Laurent Bonnaure, executive vice president of global sales and marketing for Manitou Group. "Mark has a great team in place, and his strong leadership and industry expertise will help Manitou, Gehl and Mustang become market leaders in North America." 

JCB’S Dealer Network Expands in South Central Canada with Addition of Westcon JCB

Date: 13-12-2017 / Author: fmotz

Westcon JCB, headquartered in Regina, Saskatchewan, is the newest addition to JCB’s growing North American dealer network. The new dealer will sell, rent and service JCB equipment from branches in Regina and Saskatoon, Saskatchewan and
Winnipeg, Manitoba.

Renewal of Michel Denis as President and CEO of Manitou Group for the Next Four Years

Date: 12-12-2017 / Author: fmotz

The Board of Directors of Manitou BF unanimously voted to renew the mandate of Mr. Michel Denis as President and CEO of Manitou Group for a further period of 4 years until the Annual General Assembly in 2022 that will approve the financial statements of 2021.

Caterpillar Grows Service and Repair Choices, Including the Launch of Yellowmark™ Parts

Date: 12-12-2017 / Author: fmotz

In August of this year, Caterpillar communicated a new corporate strategy to its global dealer network – a strategy led and defined by a new purpose statement, “Our solutions help our customers build a better world.” Through partnerships with Cat® dealers and investment in digital-enabled solutions and services for the aftermarket, Caterpillar is one step closer to fulfilling this purpose.

Private Equity Firm Buys 80% of Custom Equipment LLC

Date: 12-12-2017 / Author: fmotz

An affiliate of Stratford‐Cambridge Group (SCG), Plymouth, Mich., has acquired an 80% stake in Custom Equipment, LLC, (Custom), a scissor-lift manufacturer that is headquartered in Richfield, Wis., and operates a second manufacturing facility in West Bend, Wis.

JLG High Capacity Telehandlers and Smartload Technology Capture RER Innovative Product Awards

Date: 12-12-2017 / Author: fmotz

JLG Industries, Inc., an Oshkosh Corporation company [NYSE:OSK] and a leading global manufacturer of aerial work platforms and telehandlers, earned top honors in two categories of Rental Equipment Register’s (RER) annual Innovative Product Award competition. The JLG® 1644 and 1732 high capacity telehandlers placed first in the material handling category, while JLG SmartLoad Technology won the technology enhancements category, making JLG one of the few companies to win awards in two categories throughout the 16-year history of the competition.

Dingli Takes 25% Stake in MEC

Date: 11-12-2017 / Author: mlarson

Chinese aerial-platform manufacturer Zhejiang Dingli has signed an agreement to purchase 25% of U.S. aerial-lift manufacturer California Manufacturing & Engineering Company (MEC).

The agreement, under which Dingli would pay $20 million for 625,000 shares of MEC stock, is pending, subject to regulatory approval in both China and the United States. The deal is expected to be completed early in 2018.

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